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The Japan Bank for International Cooperation (JBIC) recently signed a $297.5mn b ...

The Japan Bank for International Cooperation (JBIC) recently signed a $297.5mn buyer’s credit (export credit) with Atyrau Refinery, a subsidiary of Kazakh state-owned oil and gas company KazMunaiGas, reports Morgan Lewis, which served as legal adviser to the deal. The loan is co-financed with the Bank of Tokyo-Mitsubishi UFJ (BTMU). It will fund the purchase of a fluid catalytic cracker (FCC) from Marubeni as part of a modernisation project intended to minimise the environmental impact of the refinery.

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